A truly rare offering of all five residences within this well-maintained Fleming Avenue complex, this is a rare chance to acquire an entire development with every unit already tenanted and generating income from day one. Rather than building a portfolio one property at a time, investors can secure five established rental assets in one connected north-east location - creating an immediate revenue stream alongside valuable long-term holding potential.
Each unit offers a spacious and practical two-bedroom layout, with light-filled living and casual meals zones flowing into contemporary kitchens featuring excellent bench space and ample storage. Well-sized bedrooms, updated bathrooms, separate laundries and split-system air conditioning reinforce their enduring tenant appeal, while private outdoor areas add lifestyle space rarely associated with conventional unit living. Modern updates provide comfortable interiors as they stand, with further scope to cosmetically enhance individual residences over time and potentially strengthen future returns.
Positioned moments from Westfield Tea Tree Plaza, the group places major shopping, supermarkets, dining, cafés, cinemas and public transport within effortless reach. This combination of established occupancy, everyday tenant convenience and the simplicity of five residences held within one compact complex makes it an exceptional proposition for seasoned investors, syndicates or buyers ready to secure scale, instant income and long-range value in one strategic acquisition.
FEATURES WE LOVE
• Rare opportunity to acquire all five units within one well-maintained residential complex
• Individually titled
• Every residence currently tenanted, providing an immediate rental income stream
• Spacious living + casual meals zones filled with natural light
• Contemporary kitchens featuring excellent bench space + ample storage
• Two well-sized bedrooms to each residence with wide windows
• Neat bathrooms + separate laundries
• Private outdoor areas adding valuable lifestyle appeal
• Comfortable, established interiors with scope for future cosmetic enhancement
• Strong long-term holding credentials in a highly connected north-east pocket
Current tenancies are as follows:
• Unit 1/26 - $490 per week
• Unit 2/26 - $450 per week
• Unit 3/26 - $490 per week
• Unit 4/26 - $490 per week
• Unit 5/26 - $490 per week
LOCATION
• Easy reach to a variety of leafy reserves + playgrounds for your daily dose of Vitamin D
• A leisure stroll to Modbury Primary, as well as a long list of local cafés/takeaway options
• Moments from bustling TTP for more dining destinations, department store + brand name retailers, as well as weekend entertainment
• Great access to the O-Bahn Interchange for traffic-free commutes to Adelaide CBD
Auction Pricing - In a campaign of this nature, our clients have opted to not state a price guide to the public. To assist you, please reach out to receive the latest sales data or attend our next inspection where this will be readily available. During this campaign, we are unable to supply a guide or influence the market in terms of price.
Vendors Statement: The vendor's statement may be inspected at our office for 3 consecutive business days immediately preceding the auction; and at the auction for 30 minutes before it starts.
Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/ purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.
Norwood RLA 278530
Property Details:
Council | TEA TREE GULLY
Zone | HDN - Housing Diversity Neighbourhood
Land | 1,510sqm(Approx.)
Built | 1975
Council Rates | $TBC pa
Water | $TBC pq
ESL | $TBC pa
